Tieto buys Nordic banking tech rival Evry for €1.3bn
Combined, TietoEvry will have 24,000 employees and annual revenues of €3 billion ($3.4 billion).
Combined, TietoEvry will have 24,000 employees and annual revenues of €3 billion ($3.4 billion).
Evry will provide Software-as-a-Service (SaaS) core banking and payment solutions.
30+ employees of Bankgirot will be offered new positions at Evry as part of the seven-year deal.
Norwegian bank offers payments from micro bank cards in wristbands.
Gjensidige offers digital banking, mortgages, and unsecured loans.
Norway-based banking tech vendor Evry will provide Finland’s Aktia Bank with the “entire value chain for card payments”, including virtual debit and credit cards for the bank’s digital proposition, Aktia Wallet.
Norway-based banking software provider Evry has signed a new five-year agreement with a domestic banking group, Fana Sparebank, to modernise its core banking and payments tech.
Sparebank 1, an alliance of 16 Norwegian savings banks, has extended the contract with incumbent software supplier Evry. The agreement represents total contract value of NOK 3 billion ($364 million) over a six-year period.